As we near the end of the first quarter of 2025, the average stock in the S&P 500 has a negative return of -0.2% year to date.
Here’s the table:
Let's break down what the table shows:
Each row in the table represents the average stock within each S&P 500 sector. The first column shows the average year-to-date percentage. The second column reflects the average percentage relative to the 50-day moving average. The third column indicates the average percentage relative to the 200-day moving average. The fourth column displays the average percentage from the 52-week high, while the fifth column shows the average percentage from the all-time high.
The Takeaway: The average stock within the S&P 500 index has dropped by -0.2% year-to-date. Among the sectors, the average energy stock is performing well, showing an increase of 7.2%. In contrast, the average technology stock is struggling, down by -5.1% year-to-date.
Overall market leadership has become increasingly narrower in Q1 of 2025.
Today marks the 20th day this year that the S&P 500 has seen a daily change of +/- 1%.
Here is the table listing the years with 20 or more +/- 1% daily changes in the first quarter:
Let's break down what the table shows:
The first column displays the years when the S&P 500 saw 20 or more daily changes of +/- 1%. The second column indicates the total count of these daily changes in the first quarter. The third column represents the return for each year. At the bottom, there is a statistical table.
The Takeaway: Volatility often results in significant market movements in either direction. Historically, these large daily fluctuations tend to cluster together during periods of market weakness.
We have done the math, and the stock market generally tends to perform better when the environment is quiet: When the S&P 500 moves less than 1%, and strong: When the stock market has 52-week new highs that are greater than new lows. Right now, the environment is noisy: The S&P 500 is moving...
We have experienced 24 consecutive days where the number of 52-week new lows on the NYSE + NASDAQ exceeds the number of 52-week new highs.
Here’s the chart:
Let's break down what the chart shows:
The green and red candlesticks in the top panel is the S&P 500 index price.
The green and red lines in the middle panel is the NYSE + NASDAQ 52-week new highs - 52-week new lows.
The red shadings in the bottom panelshows the consecutive days with NYSE + NASDAQ 52-week new lows > 52-week new highs.
The Takeaway: Bulls are making a strong effort following the recent market correction. However, NYSE + NASDAQ 52-week new lows are still lingering. This marks the highest level of consecutive days of new lows outpacing new highs we've seen since the last 10% market correction back in October 2023. This is the third longest period of consecutive days with NYSE + NASDAQ new lows > new highs during this current bull market.
